Posts Tagged ‘Saudi Arabia’

Saudi Regulator Approves First Two Fintech Licenses

Saudi Arabia’s Capital Market Authority has awarded first two fintech licenses on a trial basis to Riyadh-based firms – Manafa Capital and Scopeer – which qualify them to provide crowdfunding investment services in the oil-rich country. Individual investors will now be able to benefit from electronic crowdfunding platforms which will allow them to obtain shares in […]

STC and Ateon sign deal for blockchain services for FinTech

STC‘s Enterprise Business Unit has signed an MoU with Ateon to promote blockchain in FinTech. Under the agreement, Ateon and STC will jointly develop and market blockchain-based FinTech solutions to assist organisations in their digital transformation. According to Dr. Husam Yaghi, President of Ateon, this MOU kicked off the collaboration with STC to offer FinTech […]